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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Invesco S&P 500 BuyWrite ETF
etf
PBP
Dividend policy
Active
Price as of:
$22.69
+0.13
+0%
primary theme
N/A
PBP (ETF)
Invesco S&P 500 BuyWrite ETF
Dividend policy
Active
Price as of:
$22.69
+0.13
+0%
primary theme
N/A
PBP (ETF)
Invesco S&P 500 BuyWrite ETF
Dividend policy
Active
Price as of:
$22.69
+0.13
+0%
primary theme
N/A
PBP - Snapshot
Vitals
- YTD Return 10.7%
- 3 Yr Annualized Return 4.8%
- 5 Yr Annualized Return 6.4%
- Net Assets $171 M
- Holdings in Top 10 30.0%
52 WEEK LOW AND HIGH
$22.56
$18.57
$22.71
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.49%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 19.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) N/A
- IRA N/A
Fund Classification
- Primary Theme N/A
- Fund Type Exchange Traded Fund
- Investment Style Derivative Income
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$153.18
+1.02%
$343.34 B
1.29%
$1.95
blocked
blocked
blocked
17.68%
0.02%
$11.40
-0.18%
$312.15 B
-
$0.00
blocked
blocked
blocked
-1.89%
0.15%
$385.64
+1.02%
$287.78 B
1.34%
$5.11
blocked
blocked
blocked
16.34%
0.04%
$11.25
-0.09%
$251.65 B
1.88%
$0.21
blocked
blocked
blocked
-1.83%
0.09%
$1.00
0.00%
$239.02 B
0.03%
$0.00
blocked
blocked
blocked
0.18%
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$227.46
+1.00%
$1.26 T
0.95%
$2.13
blocked
blocked
blocked
16.86%
0.03%
Vanguard 500 Index Fund
VOO | ETF
$404.38
+1.00%
$753.41 B
1.32%
$5.29
blocked
blocked
blocked
17.66%
0.03%
Vanguard Total Intl Stock Idx Fund
VXUS | ETF
$65.07
+0.11%
$404.73 B
2.46%
$1.60
blocked
blocked
blocked
8.16%
0.08%
SPDR® S&P 500 ETF Trust
SPY | ETF
$439.94
+1.03%
$374.03 B
1.28%
$5.56
blocked
blocked
blocked
17.67%
0.09%
$86.53
-0.12%
$312.15 B
1.97%
$1.71
blocked
blocked
blocked
-1.88%
0.04%
PBP - Profile
Distributions
- YTD Total Return 10.7%
- 3 Yr Annualized Total Return 4.8%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.19%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco S&P 500 BuyWrite ETF
-
Fund Family NameInvesco
-
Inception DateDec 20, 2007
-
Shares Outstanding7550000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPeter Hubbard
Fund Description
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index and will write (sell) call options thereon. The underlying index is a total return benchmark index that is designed to track the performance of a hypothetical "buy-write" strategy on the S&P 500® Index.
PBP - Performance
Return Ranking - Trailing
| Period | PBP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.7% | -2.8% | 240.8% | 43.48% |
| 1 Yr | 26.5% | -4.3% | 140.6% | 43.91% |
| 3 Yr | 4.8%* | -8.3% | 18.3% | 82.69% |
| 5 Yr | 6.4%* | -5.0% | 17.3% | 64.41% |
| 10 Yr | 6.3%* | -4.6% | 13.2% | 60.78% |
* Annualized
Return Ranking - Calendar
| Period | PBP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -4.9% | -34.1% | 904.0% | 81.08% |
| 2019 | 9.1% | -28.6% | 438.4% | 64.16% |
| 2018 | -7.9% | -93.5% | 8.2% | 41.38% |
| 2017 | 0.8% | -38.9% | 19.8% | 75.97% |
| 2016 | 3.7% | -10.9% | 12.8% | 37.86% |
Total Return Ranking - Trailing
| Period | PBP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.7% | -2.7% | 244.0% | 35.97% |
| 1 Yr | 26.5% | -4.3% | 140.6% | 41.30% |
| 3 Yr | 4.8%* | -8.3% | 18.3% | 80.77% |
| 5 Yr | 6.4%* | -5.4% | 17.3% | 62.71% |
| 10 Yr | 6.3%* | -4.6% | 13.2% | 60.78% |
* Annualized
Total Return Ranking - Calendar
| Period | PBP Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -4.9% | -34.1% | 904.0% | 81.08% |
| 2019 | 9.1% | -5.9% | 438.4% | 64.74% |
| 2018 | -7.9% | -81.2% | 8.2% | 55.17% |
| 2017 | 0.8% | -29.0% | 19.8% | 86.82% |
| 2016 | 3.7% | -10.9% | 12.8% | 55.34% |
PBP - Holdings
Concentration Analysis
| PBP | Category Low | Category High | PBP % Rank | |
|---|---|---|---|---|
| Net Assets | 171 M | 25 | 17.4 B | 32.58% |
| Number of Holdings | 508 | 2 | 508 | 0.76% |
| Net Assets in Top 10 | 40.8 M | -6.66 M | 5.12 B | 61.07% |
| Weighting of Top 10 | 29.95% | 11.3% | 100.0% | 78.00% |
Top 10 Holdings
- Apple Inc 6.09%
- Microsoft Corp 5.79%
- Amazon.com Inc 4.18%
- Option on SPDR S&P 500 ETF 3.97%
- Option on SPDR S&P 500 ETF 3.97%
- Option on SPDR S&P 500 ETF 3.97%
- Option on SPDR S&P 500 ETF 3.97%
- Option on SPDR S&P 500 ETF 3.97%
- Option on SPDR S&P 500 ETF 3.97%
- Option on SPDR S&P 500 ETF 3.97%
Asset Allocation
| Weighting | Return Low | Return High | PBP % Rank | |
|---|---|---|---|---|
| Stocks | 99.98% | -3.92% | 100.76% | 11.07% |
| Cash | 0.02% | -0.76% | 100.29% | 91.98% |
| Preferred Stocks | 0.00% | 0.00% | 3.08% | 32.82% |
| Other | 0.00% | 0.00% | 45.92% | 46.18% |
| Convertible Bonds | 0.00% | 0.00% | 20.91% | 35.50% |
| Bonds | 0.00% | 0.00% | 97.96% | 38.55% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PBP % Rank | |
|---|---|---|---|---|
| Technology | 24.22% | 0.00% | 44.43% | 38.24% |
| Financial Services | 14.22% | 0.00% | 29.60% | 52.52% |
| Healthcare | 13.09% | 0.00% | 25.91% | 58.82% |
| Consumer Cyclical | 12.01% | 0.00% | 19.02% | 41.60% |
| Communication Services | 11.14% | 0.00% | 21.22% | 51.68% |
| Industrials | 8.86% | 1.41% | 43.91% | 39.92% |
| Consumer Defense | 6.31% | 0.00% | 22.87% | 53.36% |
| Energy | 2.86% | 0.00% | 69.54% | 52.10% |
| Real Estate | 2.58% | 0.00% | 9.74% | 42.86% |
| Utilities | 2.45% | 0.00% | 13.35% | 44.54% |
| Basic Materials | 2.27% | 0.00% | 60.58% | 43.70% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PBP % Rank | |
|---|---|---|---|---|
| US | 98.94% | -3.89% | 100.00% | 13.74% |
| Non US | 1.04% | -2.17% | 99.33% | 40.84% |
PBP - Expenses
Operational Fees
| PBP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.49% | 0.20% | 6.78% | 97.53% |
| Management Fee | 0.49% | 0.20% | 1.75% | 8.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.28% | N/A |
Sales Fees
| PBP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| PBP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PBP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 0.00% | 456.80% | 47.77% |
PBP - Distributions
Dividend Yield Analysis
| PBP | Category Low | Category High | PBP % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.09% | 0.00% | 3.76% | 4.46% |
Dividend Distribution Analysis
| PBP | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| PBP | Category Low | Category High | PBP % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.19% | -2.54% | 14.24% | 16.80% |
Capital Gain Distribution Analysis
| PBP | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 30, 2020 | $0.059 |
| Jun 30, 2020 | $0.058 |
| Mar 31, 2020 | $0.082 |
| Dec 31, 2019 | $0.960 |
| Sep 30, 2019 | $0.091 |
| Jun 28, 2019 | $0.088 |
| Mar 29, 2019 | $0.057 |
| Dec 31, 2018 | $0.088 |
| Sep 28, 2018 | $0.082 |
| Jun 29, 2018 | $0.080 |
| Mar 29, 2018 | $0.029 |
| Dec 29, 2017 | $0.085 |
| Sep 29, 2017 | $0.500 |
| Jun 30, 2017 | $0.473 |
| Dec 30, 2016 | $0.144 |
| Sep 30, 2016 | $0.079 |
| Jun 30, 2016 | $0.103 |
| Mar 31, 2016 | $0.043 |
| Dec 31, 2015 | $0.121 |
| Mar 31, 2015 | $0.034 |
| Dec 31, 2014 | $0.089 |
| Sep 30, 2014 | $0.320 |
| Jun 30, 2014 | $0.421 |
| Mar 31, 2014 | $0.025 |
| Dec 31, 2013 | $0.692 |
| Sep 30, 2013 | $0.340 |
| Jun 28, 2013 | $0.297 |
| Mar 28, 2013 | $0.039 |
| Dec 31, 2012 | $0.402 |
| Sep 28, 2012 | $0.090 |
| Jun 29, 2012 | $0.124 |
| Mar 30, 2012 | $0.099 |
| Dec 30, 2011 | $1.836 |
| Sep 30, 2011 | $0.071 |
| Jun 30, 2011 | $0.091 |
| Mar 31, 2011 | $0.027 |
| Dec 31, 2010 | $0.116 |
| Sep 30, 2010 | $0.065 |
| Jun 30, 2010 | $0.062 |
| Mar 31, 2010 | $0.053 |
| Dec 31, 2009 | $0.082 |
| Sep 30, 2009 | $0.065 |
| Jun 30, 2009 | $0.090 |
| Mar 31, 2009 | $0.093 |
| Dec 31, 2008 | $0.072 |
| Sep 30, 2008 | $0.058 |
| Jun 30, 2008 | $0.238 |
| Mar 31, 2008 | $0.053 |
PBP - Fund Manager Analysis
Managers
Peter Hubbard
Start Date
Tenure
Tenure Rank
Dec 20, 2007
13.54
13.5%
Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.
Theodore Samulowitz
Start Date
Tenure
Tenure Rank
Aug 30, 2013
7.84
7.8%
Theodore Samulowitz is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC. He has been a Portfolio Manager of Invesco PowerShares Capital Mgmt LLC since May 2012. Prior to that, he was the Managing Partner of Endurance Capital Markets LLC from 2010 to May 2012 and a Portfolio Manager of CMT Asset Management from 2006 to 2010.
Michael Jeanette
Start Date
Tenure
Tenure Rank
Oct 02, 2013
7.75
7.8%
Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.
Tony Seisser
Start Date
Tenure
Tenure Rank
Aug 29, 2014
6.84
6.8%
Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.
David Hemming
Start Date
Tenure
Tenure Rank
Sep 21, 2016
4.78
4.8%
David Hemming, Senior Portfolio Manager of the Invesco Capital Management LLC, Commodities and Alternatives.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 19.77 | 3.61 | 5.67 |
